Donald Trump has signed an executive order to implement his US trade deal with the UK, but while British carmakers and aerospace manufacturers are set to secure quick benefits, steel producers could have to wait longer.
The president’s order will “operationalise” the US-UK agreement, under which Trump agreed to cut a 27.5 per cent American tariff on cars to 10 per cent for the first 100,000 vehicles shipped from the UK each year.
The deal will also ensure UK exports of jet engines and other aerospace components to the US are spared from American tariffs.
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